SMM Technologies sets its sights on Lanester

Posted on 3/11/2016

SMM Technologies (Lanester, €30M turnover) is moving into new premises in Lanester to cope with its growth (25% a year). The company will have direct access to the sea and the industrial basin which is home to many of its local sub-contractors and will also be able to work in R&D with the university, the ComposiTIC technical platform and IPL (interprofession of the port of Lorient). The aim is to develop the water sports market (10% of turnover) and build up its flagship market, defence, along with the aeronautics, naval and wind power sectors. The company has invested €920k in ISO 9001 certification and the incorporation of an ERP.

SMM Technologies is also working on its financial structure and envisages injections of capitals from investors such as banks without losing its majority shareholding.